Posted by: 1of10boyz | January 25, 2014

China gets tougher on foreign companies; foreign companies leave


Too many people outside of China think it is like where they are from. Having lived here I realize that China is nothing like any western European nation or anything in the western hemisphere.

China Daily Mail

Life is getting tougher for foreign companies. Those that want to stay will have to adjust.

According to the late Roberto Goizueta, a former boss of The Coca-Cola Company, April 15th 1981 was “one of the most important days…in the history of the world.” That date marked the opening of the first Coke bottling plant to be built in China since the Communist revolution.

The claim was over the top, but not absurd. Mao Zedong’s disastrous policies had left the economy in tatters. The height of popular aspiration was the “four things that go round”: bicycles, sewing machines, fans and watches. The welcome that Deng Xiaoping, China’s then leader, gave to foreign firms was part of a series of changes that turned China into one of the biggest and fastest-growing markets in the world.

For the past three decades, multinationals have poured in. After the financial crisis…

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